tv [untitled] November 11, 2011 2:31am-3:01am EST
martian moon few days ago the ambitious interplanetary mission was aided getting a soil sample from the mood of phobos to obtain a better knowledge of how the universe because. up next peter all of al and his crossed gas explorer china's position as an emerging superpower and the political and economic woes in the west. twenty years ago the largest country in the. suitcase it. was had been trying. to teach began a journey. where did it take to. keep .
a low in welcome to cross talk time peter about china's maneuvering power china's fortunes faring during the global financial crisis and the eurozone fiasco political uncertainty in the u.s. and the arab spring is china and that gaynor is the world undergoes massive economic and geopolitical shifts and as the world changes will china take on a greater leadership role. in the. story. crosstalk china's growing influence i'm joined by greg audrey in irvine he's an entrepreneur and co-author of death by china in miami we have already shankar he used a ford motor company chair in global business management at ohio state university and in beijing we cross to doris nesbitt she's the director of the nesbitt china institute all right folks you have difference a points of view on this and i want you to show my viewers ok but first people say that china is set to save the world well i don't know about that but there is
little doubt that over the last decade asia and china specifically has been steadily moving to the fore of the global economy and in the wake of the two thousand and eight credit crunch which shattered the western financial crisis and triggered europe's own sovereign debt crisis experts say china's role in power in global affairs is more palpable than ever growing economic might is reflected in the. some talk over beijing's capacity to contribute to the hero's owns bailout fund the decision has not been finalized the european leaders and the i.m.f. have all welcomed the prospect of an investment which could range between fifty and one hundred billion dollars. i believe resolution for european debt is very important for stability of finance trade and economy. if china does inject cash into the euro zone it would mark an unprecedented shift in global power dynamics and make china a financial power on par with the u.s. but this wouldn't be the first time that the two countries for a while now the u.s.
has laid claims that china is under valuing its currency they continue to try to game the system to their advantage and our disadvantage so i think it's appropriate and fitting and timely for us to be standing up and saying this is this is not acceptable ultimately however saving the eurozone and the u.s. is in china's own economic interests meanwhile economists are already warning of contagion threat if the crisis unravels and some have pointed to the country's slow growth as a sign of a spillover effect concerns that beijing has dismissed. who owns it is trying to say that the national economy is generally on the right track and is benefiting from our macro control policies on the domestic front china's been further tightening the screws on internet freedom whether it's a sign of its internal vulnerability in the world by popular uprisings is unclear but a three day media conference last week and it was
a whole slew of measures aimed at stopping what the chinese call the spread of harmful information but irrespective it seems like china is going to go its way well let's talk about which way it's going to go at an odeon in miami if i go to you first year i mean what's most topical right now is whether the chinese will bail out the europeans bail out to your euro zone or if they do what would they get out of it well first of all i think that you know the rise of china has been. you know unfolding fairly fairly quickly. in my book the chinese century you know about six seven years ago i you know i predicted that china would become largest economy in twenty twenty five and we are midway through that through that process so this is not entirely unpredictable i mean you know we have both the united states and europe that are really modern mountain of that there are only two countries out there that have the resources to help them out one is japan which is also being somewhat reluctant global player with
a lot of the west ticky issues to solve and then of course china you know you have a moment of trillions of reserves were. sinking deeper into the debt hole this was i think you know quite predictable ok great if i can go to you in irvine and the chinese have been very hesitant because they see that the europeans just can't get their house in order they've created such a utter mess of their economies with this debt crisis here why would the chinese want to get in there and and it will see the euro fail half year from now. you know first of all we've got to be clear when the chinese loan money to america or to europe it's not because they like them it's merely to gain political advantage you know for which are economic exploitation like every other country and there's a moral here that even if it is a different than other countries do i mean every country goes after self interest right and geopolitical interest as well. no where near is cutting and strategic as
china does and we've got to be clear that finding our moral hazard in keeping us behaving badly either in europe or the united states is not in china's long term best interest there it's. want to see the west continue to harm itself and doris you want to jump in there go right ahead. yes i was just going to say who sets the measure i mean who decides what's good and bad behavior you know i think we're at a point where the west has to think of all who decides what's good and bad are we really in the procession given all the problems we have to just talk top down to china and say what we decide this court and what we think is good and what you would do is i think that the approach works much more would be what can we do to canada to solve the problems ok greg you want to reply to that do you think that the who decides to measure very good question you know well you know the.
moral equivalency arguments really interesting until you come to face somebody who is truly evil we went through this whole same argument in the 1930's don't criticize the germans a lot of american tubby's whatever their set up business and said it's not our position if you're rich when you're creating that board you're equating china of today to nazi germany of the one nine hundred thirty s. . absolutely although i think you know china is somewhere worse as far as volume of scale and the level of censorship that's happening internally there but clearly the repression they put on there i was right next upon as the rest of the world put together are you saying i object absolute objective moral values let's go do it in miami go ahead. no no i mean the object i mean. you know equate the two together you know not to germany is on a completely different level i mean you know a country that has been probably the worst atrocities that we have witnessed in the
in human civilization so with all respect i mean i would not put china out there which i ask i mean it's the same thing you can result in any other totalitarian regime in history doris you want to reply to that here are you writing a book about it and you are scared yes haps i know today. you know you opened your book and i missed all three were squatting with her mach two her tenement square that was in one thousand nine hundred eighty nine i don't know when you have been to china for the last time and i don't know what how many chinese weeks ago you have been talking you know we have we we you got a place expert in our story and you say mainland china and not and not call well. you know we are in china right now and we have been talking last week in with people of chengdu where they really try and work on been here on the integration to get people into an economic growth to rural population. they young people
are following with each other via internet it's not that there is no communication that internet certainly can be called a second party in china and it's certainly certain things are regulated gets without both but china is in the process of stabbing each all. off running the country great it's an interesting point i mean china china is a very good if i can interject here if i could interject here i mean in the west china is criticized because it is not in line with the washington consensus if i can use that term here i mean china is a rising power the west is steadily steadily declining ok i mean so it really is the west has to adjust itself to a rising china and india with its own relative decline would you agree with that the same argument was made about the declining british empire at the beginning of the twentieth century and how the new way it was the soviet union and the fascist
states in europe. so countries that are willing to exploit their people to any level are always able to achieve quick turnarounds we saw them in the lead we saw that in germany we saw that at the beginning of the soviet union it's not sustainable but that's how they do i mean i've seen the people standing behind the rear of an ox with a wooden plow while the party members in shanghai in the business people in shanghai in moscow party like there's no tomorrow i've seen little children who are going to die because of lack of a five thousand dollars surgery because their health care system is an absolute joke did you want to jump in there go ahead in miami yeah yeah yeah yeah i mean i mean first first of all i mean again and i want to say in the in a very very clear clear fashion yeah these no question that you know the chinese ease of bed regime as far as as morality is concerned to put it at the same as as a regime that is all going to mess murders of people you know because of their you know religion or otherwise you know inclination when you are called i'll go on tell
your own having said that having said that you called even though. not only let me finish the in jail or disappear go ahead and you go ahead and finish up in miami go ahead yeah i don't think you can equate it with a close situation cap i'm very sorry i think you're entirely wrong but let me finish my point having said that these no question that china is going to extract a heavy price for any but the. bailout my own view is that they're going to do it in a more this way there would be a lot of strings attached of course i do not buy the voices coming out of the e.u. they did state they would not be any strings attached there will be lots of strings attached but again it is in the the in china's interest that its main markets the the u.s. remain able to buy you know
a chinese product i don't think it is. question about that ok greg i want to ask you a question i mean what china has benefited so much from the current economic order in the world right now i mean they're going to still continue to work as a partner as doris tried to point out you want to demonize them into an enemy but it's in their own interest to keep the order going the way it is. exactly the way that it's in him interested drug dealer housing his customer being able to continue to buy products that are doing them economic harm sustaining europe's bad behavior sustaining america's grab behaviors that is knocking on this planet we're going to a short break and we've got a lot more attention on the last day and after that short break we'll continue our discussion on china stay with our team. and. if you want to.
in canada and the u.s. that it is legal for you to use a bubble bath on your baby it contains a known carcinogen something that causes cancer most of the shines out of most independent they are sponsored by industry and most of the time they don't claim it's a conflict of interest today an average cancer drug prescription costs nearly one thousand six hundred dollars a month oh my god i'm a nobody with cancer in my five therefore i protect folks because ninety to ninety five percent of the cancers hurt people with family history of cancer the pharmaceutical industry spends about fourteen percent of their budget on research and development and about thirty one percent for marketing and administration. in fact there are more pharmaceutical industry lobbyists in washington d.c. than members of congress.
close to team has been to the preacher for technological breakthroughs save human lives. she goes to the scene. a little unusual ways to protect me. where farming pioneers place local cuisine to the highest pitch. and where future developments depend on the way. russia's black sea coast should close up on our t.v. . welcome back to crossfire computable about to remind you we're discussing china's increasing power. play.
ok doris i know you want to jump in right here on and you want to react to what doug gregg said right to before the break so go right ahead. yeah i think we have one common ground and that is that china has pointed out millions hundreds of millions of people out of poverty to a relatively modest wealth. you know the diff an issue of human rights includes in china that people have something to eat that people have a hope that people have a future and in cha ching china which is a very emotional attachment as we can see when we are here when we listen to what we have to say. you have to consider we have china came from where it started and if you look around china we're not only in cities like beijing or shanghai we are
on the countryside and if you see the children of parents who can not read i'm not having the ability and the the offer to visit the school or to have distant learning so that they are all to look for life has increased and improved dramatically you know you cannot always see look at china and say ok you cannot almost all the government clearly you cannot almost all the government but life does not only content in overthrowing governments life it is that you can fulfill your dreams that you can create your child that you can work create a family all of this is very much i used to live in the needs of the chinese people and we have more and more of it. yeah yeah i get that but i don't want to hear the story that china as a communist government has raised two hundred million people out of poverty they didn't raise anybody out of poverty hard working intelligent chinese people raised
their selves out of poverty with the boot lifted just a little bit and cheering for the chinese government in this way is like. the last horse in the kentucky derby japan korea taiwan singapore thailand all these other asian nations pull. themselves up way before china the only thing the chinese government did was hold its people back longer so that they could be the very last people to achieve that sort of lifestyle it's a tragedy it isn't tell you what it is going to find are you happy if i'm going to miami here i mean i think most reason people would say the chinese have done a pretty good job with the economic policy at least they're not in mired in debt like their competitors in the european union the united states i mean they've certainly done some some very positive things now you could say also with their foreign economic policy they're just only interested in self interest they don't have all the baggage that the west has about humanitarian interventions and all of these other things mean the chinese should go on their own way i mean there's something to be said about that right right i mean. if i want to
say is that. you have your chance is going to miami greg greg mugabe is a bet that they are i hope you will be brought to the hague that has nothing to do with it i mean we're talking about china. and you know the whole issue is always more complex that the excuse me the picture is always more complex than the one sided argument that i hear here on on both sides yes does this cheney's leadership have conceded ability of men i don't think there's any question about it when you're talking about you know leader of sea and the like is there a heavy very heavy price being paid by the individual because of the policies of you know more than these asian and economic growth no question about it i mean i can give you a very specific example of myself a trade off you know childhood cancer each china and things that are not being
taken care of and so forth there is no question about that as well the reality is is always much more complex than it seems. you want to see a democracy in china eventually. of course yes. can it happen at once will it happen at once i am not so sure i want to remind everyone did it with the exception of taiwan there was really no precedent off. a democratic chinese society. it may take or sometimes all they want although i heard it eventually it was ok great i mean it was me why should we assume if i go back to grade here in irvine and why should we assume china were to go down the world the path of democratization as we all would understand it why would it have to be a western liberal model can't they have a model that is more representative of their society and values go ahead. i didn't
say that i just say we need a model that doesn't involve killing a lot of people locking them up in jails because of their religious beliefs and then intentionally exploiting the weaknesses of the western governments in order to bring them down faster my concern with china's internal behavior in this conversation is mostly to say to you i get that if they treat their own people this way why would you expect them to treat you fairly and in economic or business contractual relationship and they don't they're systemic cheaters and liars ok doris you have a very strong. critique of china there how do you react to that i know we lost you for a second so. respond to what you did here ok well you know i think that one can prove anything and everything if you look at a certain point if you choose certain points looking at the u.s. the picture can be very grim why it can be very bright so that can be saying said about china which are not bright and there are things that are very good but consider one thing china is only thirty years. into reform and opening up
where was the u.s. thirty years after the constitution was written where was the u.s. only more than a walking there's a row when the blacks were still. oh come on you know again if john was here he could tell you first have firsthand how the riots were against the blacks how he was taking share in sit ins because the blacks couldn't go to a restaurant so you know the point is we are not i am not here to defend the government but i want to say what we observe and what we observe is that china is on the path and it has done a very good job it has its flaws there are lots of things where it has to improve including the environment corruption the freedom of speech concerning the government of course nobody would deny that but. you cannot only look at one side
and neglect everything that's possible if you do that with us or with your others that you're going to have picture there as well greg you want to reply because i'd like to talk about what i'd also like to talk about china and china taking more responsibility on the global stage because it is the second largest economy in the world and will surpass the united states soon but it's still not flexing its diplomatic and political responsibilities i would say commensurate with the size do you think about that. yeah well let me just first of all say the key to being able to improve yourself over time is freedom of speech and criticism and so yes the u.s. is committed some terrible sense at home and around the world but the thing that's important is that we had made it we publicly flogged ourselves for it and we try to improve the chinese government's incapable of doing that now regarding their position around the world they are very cautious and i think the key thing everybody needs to understand is that in china. politics leads economics as opposed to in europe in united states where the goal of politics is trying to achieve
a better economic state for the people in china the goal of economics is to keep the chinese communist party in power and that's why they allow improvement not because they care about those kids out in your non province it's only because they want the boys in beijing to stay in power ok what do you think actually if you say the very it's not just it's not really very sunshine is self interest it's the self interest of the communist party this is what we just heard. none of the ones i'm sure i'll know but i think i'll. go head to a dave to a different question here first of all eat so happens that in the eighty's the interest off their communist regime to provide economic prosperity i don't think there was any question about it. happens to be good for the country i mean to a great extent so the fact that these two objectives are consistent you know is something that we should do we should keep in mind of course the regime would like to stay in power of course if their regime for weeks economic prosperity is even
more important for any other regime nevertheless it is something that it's creates a lot of good for the chinese people as well so that we need to keep in mind going back to your earlier question yes china is a reluctant player on a global scene and mongo other reasons because it is a relatively new player on a global scene and the rule of it the two we play every main. to be seen what we have heard so far china is against the so-called us agony what we have all deserve so far is china and i unfortunately willing to engage you go out of bed to regime that each should not engage but only in only it's still a fairly reluctant player and may i say that one reason why china is hesitant about . more support for the european union is really put ten child back home when he will are increasingly concerned there you know chinese resources will go down
a sinking a hole and the money will never be seen again ok doris if i can go to you there is another historical precedent out there was an emerging power that the international community the international architecture didn't accept very well and that was germany at the end of the nineteenth and beginning twentieth century do you see that we've learned any lessons there because china is coming up very very fast and particularly as the economic global crisis is affecting the west the most i mean this is a time for china it's an opportunity for china but also there are still can remain hesitant and really stepping up on the stage a lot more when the world really needs more leadership. while but does the world allow try not to take pocket as as part of the global community i mean just listen to what half it has been said curing this show it has been offended. and and at the same time people say well why don't they tap
a bigger share well china will take its share and it has its growing and has its also maturing in its system its share on the global community role will grow but it's sort of flying against very heavy headwinds because everybody tells you how terrible you up and on the other hand come share their global response ability with you wish we don't want to give you because you're not trust wealthy solvent you know you cannot on one hand say you are not the world's having responsive blake and you're saying you very much to play in front of time we've run out of time here we'll find out later if china will save the world many thanks to my guest today in miami irvine and in beijing and thanks to our viewers for watching us here are to see you next time members asta.
a moment of truth for italy the sound rushes to vote on and a stare any plan to clear the way for a new government but man you say the debt reduction measures are too late to fix one of the largest economies. bombing for billions the lucrative contracts nato countries expect to reconstruct levy a spark new questions over their real motives for military strikes. and the odd of ukraine's political storm the nation's mood turns as local outbreaks of a breast in the country threaten a return to the bad old days of national turmoil. what unity coming to live from moscow. italy is right.